BUENOS AIRES: Argentina's Congress gave final approval on Thursday to a law proposing to restructure the country's debt to skirt a US court ruling that forced it into its second default in 12 years.
The debt-restructuring plan aims to enable Argentina to make payments on its foreign-held bonds locally or elsewhere beyond the reaches of the US court. It also encourages investors to move their Argentine debt from the US or other foreign jurisdictions to either Argentina or France.
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